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In the depths of the pandemic, Scentre turned to hybrid capital to protect its balance sheet. Now, some argue office landlords should follow the mall operator’s example.
They’ve experienced a brutal adjustment as yields have lurched to decade highs. Now they’re offering a compelling option to protect and even grow wealth.
Hybrids are marketed as unique securities combining elements of stocks and bonds. But they are under fresh scrutiny amid a series of global banking crises.
Anxious investors in so called too big to fail bonds will be frozen with fear until month end when a Challenger bond is due to be repaid.
Yarra Capital Management has boosted its investment team with two new hires and two senior promotions.